Beasley extends springing maturity on Notes to Jan 31, 2026; boosts receivables facility cap to $46.5M

BEASLEY BROADCAST GROUP INC

Springing maturity on 9.200% Second Lien and 11.000% First Lien Notes extended from Nov 14, 2025 to Jan 31, 2026, contingent on 8.625% Notes staying outstanding.
Receivables facility cap under Exchange Notes increased from $14.5M to $46.5M; proceeds must repay New Notes and fees.
WPBB Asset Sale (to K-Love, Inc.) added as permitted asset sale; net proceeds used for taxes, payables, or with holder consent.
For New Notes, individual asset sale basket reduced from $2.0M to $0.5M; aggregate basket remains $5.0M.
New Notes indenture amended to add default conditions related to compliance with certain agreements with holders.

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